Pine Lake Preparatory Inc

Analysis

Pine Lake Preparatory Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pine Lake Preparatory Inc reported income of $21.7m and spending of $20.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.0m to $21.7m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pine Lake Preparatory Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Capital Prep Charter Schools Ny ($21.7m), Ewing Marion Kauffman School Inc ($21.7m) and San Francisco Friends School ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Other salaries and wages came to $10.7m. At year end it held assets of $45.6m against liabilities of $60.7m, net assets of -$15.1m. It reported 296 employees.